Manila Bulletin PublishingPHS:MB 39 ROC (Joel Greenblatt) % is 1.40% as of Mar. 2026, which is 29% below its 10-year median of 1.96. GuruFocus rates PHS:MB with a GF Score™ of 39/100 and a GF Value™ of ₱0.17 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,028 Media - Diversified companies, Manila Bulletin Publishing ranks worse than 57.98% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Manila Bulletin Publishing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.40%.
The historical rank and industry rank for Manila Bulletin Publishing's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:MB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.13 Med: 1.96 Max: 2.78
Current: 1.96
During the past 13 years, Manila Bulletin Publishing's highest ROC (Joel Greenblatt) % was 2.78%. The lowest was 1.13%. And the median was 1.96%.
PHS:MB's ROC (Joel Greenblatt) % is ranked worse than 57.98% of 1028
companies
in the Media - Diversified industry
Industry Median: 9.285
vs PHS:MB: 1.96
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PHS:MB vs NYT, WLY: ROC (Joel Greenblatt) % Comparison
For the Publishing subindustry, Manila Bulletin Publishing's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manila Bulletin Publishing ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Manila Bulletin Publishing's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Manila Bulletin Publishing's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 1.40% mean?
Manila Bulletin Publishing (PHS:MB) has a ROC (Joel Greenblatt) % of 1.40% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Manila Bulletin Publishing and its competitors. This is 29% below median its historical median of 1.96. Over the past decade, Manila Bulletin Publishing's ROC (Joel Greenblatt) % has ranged from 1.13 to 2.78. According to the industry distribution chart, Manila Bulletin Publishing ranks #596 out of 1028 companies in the Media - Diversified industry, placing it in the top 58%.
Is Manila Bulletin Publishing's ROC (Joel Greenblatt) % too high?
Manila Bulletin Publishing's current ROC (Joel Greenblatt) % of 1.40% is 29% below median its 10-year median of 1.96. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.78. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.29. Manila Bulletin Publishing's value of 1.40% is 84.9% below this industry median. Based on the distribution chart, Manila Bulletin Publishing ranks #596 out of 1028 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Manila Bulletin Publishing has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manila Bulletin Publishing's ROC (Joel Greenblatt) % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Manila Bulletin Publishing ranks #596 out of 1028 companies for ROC (Joel Greenblatt) %. This places Manila Bulletin Publishing in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.29. Manila Bulletin Publishing's value of 1.40% is 84.9% below this benchmark. Historically, Manila Bulletin Publishing's own ROC (Joel Greenblatt) % has ranged from 1.13 to 2.78 over the past decade. While the company's 10-year median is 1.96 vs. the industry median of 9.29, Manila Bulletin Publishing has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.29, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Bulletin Publishing's current ROC (Joel Greenblatt) % of 1.40% is 84.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Manila Bulletin Publishing and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Bulletin Publishing's current ROC (Joel Greenblatt) % is 1.40%, which is 29% below median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Bulletin Publishing stock overvalued right now?
Based on GuruFocus' analysis, Manila Bulletin Publishing (PHS:MB) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱0.17, compared to a current price of ₱0.19 — trading 10.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.40%, which is 29% below median its 10-year median of 1.96 and 84.9% below the Media - Diversified industry median of 9.29. Manila Bulletin Publishing's overall GF Score™ is 39/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Manila Bulletin Publishing (PHS:MB), the current ROC (Joel Greenblatt) % is 1.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manila Bulletin Publishing (PHS:MB) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Bulletin Publishing stock appears to be overvalued.
The current stock price of ₱0.19 is trading 10.6% above its estimated GF Value™ of ₱0.17.
GuruFocus considers Manila Bulletin Publishing to be Modestly Overvalued.
Key valuation signals for PHS:MB:
ROC (Joel Greenblatt) %: 1.40% (29% below median its 10-year median of 1.96)
GF Value™: ₱0.17 vs. price of ₱0.19 (10.6% above fair value)
Industry Position: 84.9% below the Media - Diversified median (#596 of 1028)
No single metric tells the full story. See the PHS:MB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Bulletin Publishing Corp mainly engaged in the publication, distribution, and advertising of news, magazines, and digital content. The company operates in the fields of journalism, publishing, advertising, and digital media. Its activities are Publishing and Printing: Producing and distributing content and news through print media, including newspapers and magazines, and through online platforms, extending the reach of its publications., and Advertising Services: Offering advertising solutions across its print, digital, and other media platforms for businesses and brands. Its services are Advertising Services, Subscription Services, Digital Content and Platforms, Special Projects & Partnerships. Its brands are Manila Bulletin, Tempo, Balita, Liwayway, Bannawag, etc.
39GF Score
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